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GOVERNMENT DEBT: The total amount of all government securities outstanding. This is also frequently termed the public debt.

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COMPETITION

In general, the actions of two or more rivals in pursuit of the same objective. In an economic context, the specific objective pursued is usually either selling goods to buyers or buying goods from sellers.

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Today, you are likely to spend a great deal of time looking for the new strip mall out on the highway looking to buy either a pair of red and purple designer socks or a T-shirt commemorating Thor Heyerdahl's Pacific crossing aboard the Kon-Tiki. Be on the lookout for door-to-door salesmen.
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One of the largest markets for gold in the United States is the manufacturing of class rings.
"Well done is better than well said. "

-- Benjamin Franklin, statesman, inventor

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